EUR CoinVertible

EUR CoinVertible (EURCV) is a digital asset and stablecoin pegged to the value of the Euro. It was launched by Societe Generale-FORGE, a subsidiary of Societe Generale, one of France’s largest banking and financial services firms. As a stablecoin, EURCV is designed to maintain a stable value relative to the Euro, unlike other cryptocurrencies which are not pegged to another asset. The value of EURCV is backed by fiat Euro held in a cash account with Societe Generale. The stablecoin is intended for use as a settlement and store-of-value asset for on-chain transactions, in cash management and pooling activities, and as a solution for on-chain liquidity funding, refinancing, and intra-day liquidity needs such as margin calls​​.

EUR CoinVertible is used in various financial contexts to bridge traditional finance with the digital assets world. Its applications include:

Settlement asset for on-chain transactions. Cash management and cash pooling activities. On-chain liquidity funding and refinancing solutions. Intra-day liquidity needs like margin calls. As an Ethereum-based token conforming to the ERC20 standard, EURCV can be transferred between holders and is theoretically usable in smart contract-powered decentralized applications (dapps), although its functionality is currently limited due to the whitelisting requirement​​.